Yesterday the EURUSD went down, but the GBPUSD rose strongly. Today the EURUSD is going up slowly, and the GBPUSD is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis:
The EURUSD dropped significantly yesterday. The price finished the session exactly at the S1 support level and 1.068. Today it is rising slowly, though. If the buyers continue generating sufficient demand, the price might go up above 1.073 and reach the R1 resistance level. But if the bears counterattack, the price could fall below the EMA 200.
The GBPUSD rose strongly yesterday. The price finished the session above 1.257. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even go up above 1.261 today. But if the bears take control over the market, the price could drop to the EMA 77.